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Financial Terms

FIAT Currencies

FIAT currencies are a classification of currency that is authorized by a government but lacks any intrinsic or fixed value. This means that the value of these currencies is not based on a physical object, such as gold or silver. Some examples of FIAT currencies include the Dollar, Euros, and INR.

Fiscal Deficit

In the realm of finance, the fiscal deficit refers to the discrepancy between a government's overall income and its total expenses. This gap highlights the amount of money t...

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Annualized Premium

It is calculated by multiplying the monthly premium by 12 for yearly payments or by multiplying the quarterly premium by four for quarterly payments. As we delve deeper into t...

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Nominee

This individual is authorized to act on behalf of the investor in case of any unforeseeable circumstances such as death or incapacitation. A Nominee refers to an individual ...

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Domestic Trade Deficit

In the field of finance, we often come across the term "Domestic Trade Deficit". This concept refers to a situation where a country's imports exceed its exports, resulting i...

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